Latin America Essential Oils Market To Expand Significantly During 2022-2027, Driven By Increasing Product Demand For Stress-Related Diseases And Their Cure

The new report by Informes de Expertos titled, ‘Latin America Essential Oils Market 2022-2027’, gives an in-depth analysis of the market, assessing it based on type, application, and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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Los aspectos más destacados del informe incluyen:

Visión general del mercado (2017-2027)

• CAGR para el periodo pronóstico (2022-2027): 9,04%

El mercado de aceites esenciales de América Latina está preparado para crecer a un ritmo exponencial y se registró con la mayor cuota de mercado de 2,28 mil millones de dólares en el año 2021. La mayor requisición en la producción de aceite de naranja fue monitoreada en Brasil, siendo el aceite de naranja el segmento líder de los aceites esenciales. La creciente conciencia de los consumidores por los productos naturales y orgánicos y sus efectos sobre la salud está impulsando la demanda de aceites esenciales en América Latina.

Los beneficios médicos adicionales de los aceites esenciales están atrayendo a una multitud de consumidores junto con sus propiedades antioxidantes y curativas. Todos estos factores están proporcionando una perspectiva de mercado ideal para que los actores clave aprovechen las oportunidades para ampliar su cuota de mercado en los aceites esenciales.

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Industry Definition and Major Segments

Essentials oils are naturally extracted concentrated hydrophobic liquid which are plant-based. These volatile chemical compounds are made by pressing or steaming plant species like flowers, leaves, fruit, and bark. There are various types of essential oils with predefined flavour as their plant extract like lavender oil, orange oil, lemongrass oil, peppermint oil, etc.

By type, the market is divided into:

• Orange Oil
• Peppermint oil
• Clove oil
• Eucalyptus oil
• Lavender Oil
• Lemon oil
• Others

By application, the market is segmented into:

• Food & Beverages
• Pharmaceuticals & Medicinal Formulations
• Cleaning & Household
• Spa & Relaxation
• Others

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Others

Market Trends

The growth of the essential oils market in Latin America is driven by an increase in diseases and stress-related health conditions. Health-conscious consumers incline their needs towards the benefits of essential oils like stress reduction, relaxation, cure of headaches, etc. This increase in requisition is related to the expansion of high-end product offerings by manufacturers, which appeal to customers with their antiseptic properties.

In addition, to benefit from the current trends, several companies are developing a variety of premium essential oils for the Latin American market regions. Moreover, essential oils have experienced a significant development trajectory in the market as a result of their growing popularity and increased customer preference for aromatherapy. These all factors are paving the way for augmentation in the market size of essential oils in Latin America.

Key Market Players

The major players in the market are:

• Robertet Group
• Biolandes SA
• Sydney Essential Oil Co.
• Young Living Essential Oils
• Ungerer Limited
• Farotti Srl
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.